Australia's Housing Bubble Will POP : Banks Profit & People Loose Everything - Again The Same Scam - Here's How To Protect Yourself! ☀️
The looming POP of Australia's housing bubble will transfer vast equity from the public to the banks. We see this scam played out again and again all over the world. I have been shouting this knowledge to my friends in Australia for years, but few were willing to listen.
For those of you who have poorly leveraged properties in Australia it is worth considering selling them before the bubble pops. Then buy them back at a cheap price after the bubble pops - or maybe even upgrade your pad! 😉
What really makes me angry is that the government, media and social engineers are responsible for much of the impending misery! They should bear some of the responsibility along with the real culprits: the banks! 😡
All Bubbles Are Built On Greed & Misery - They Are Designed To POP!
Anyone who thinks that their government is going to protect them and their economy from being raped by the rapacious criminals who run our world is very much mistaken. Even just a brief look back through the last 10, 20 or 100 years shows how many times governments have let the people down on behalf of their true masters.
The Federal Reserve was established over a hundred years ago to prevent market collapse, yet its own policies have produced disaster after disaster! It is always the people who pay for their mistakes! Governments don't work for the people, they work for those who pay them - the bankers!
Australia is a key part of this global program and is no different from anywhere else in the world. If a housing bubble can be allowed to grow and burst in the US believe me it can be happen in Australia too!
Australian bankers have been caught pulling the same scams on the people that they do everywhere else. Sadly none of them ever go to prison - the banks just pay the fines! This makes the law and our political system a joke. Yet we are lucky because through this obvious neglect of responsibility we can clearly we see an insatiable and totally insane greed for power that drives a tiny few to harm so many!
Bubbles are engineered to pop so that the people suffer through loosing their equity!
The Looming Australian Housing Bubble!
I have seen this bubble building (no pun intended 😉) in Australia for years. I even know some of the players building this farce. The Australian youth have been sold the same myth that youth all over the world have been sold:
Buy a house! Don't pay rent - it's dead money. Think about your future now! Buy a house. Get a loan and buy a house, they're cheap. Go-on, everyone else is doing it. Don't be left out! Buy a house! Oh but please don't remember your history or watch world events. Buy a house! You must also keep watching sports..., spoRTS, SPORTS! Who do you follow?
Make sure you buy a house before there are none left! Be frightened.... spend money on what we tell you to!
Sadly this narrative does not tell the truth to our youth, actually it represents part of the lie that entraps them. An article today in Australia's ABC provides a prescient timeline for what is about to happen in Australia.
The media tell you about it just before it's too late to cover their backs!
Within the next three years, Australia's interest-only loans will roll over to become what the banks term interest plus principal. This means that people who have loans will be facing increased repayments because borrowers won't just have to pay the interest on the initial loan (the interest), they will also have to begin repaying the initial loan (the principal).
The total estimated value of the properties in Australia impacted over the next three years by this change is AUD $360 Billion! No small amount!
Here is where things get nasty!
In 2021 Who Will Be Held Responsible?
The narrative to buy a house has been pushed hard for a long time in Australia. The banks provided these loans primarily by creating money out of nothing through the process of fractional reserve banking. Housing developers worked hand in hand with these scoundrels and couldn't build houses fast enough.
I used to live in Australia's fastest growing growth corridor and I saw the farm land turned into houses. The houses and communities that were built so that the banks could pull this scam were all given grandiose names. I won't give specific examples here but they were things like: Beverly Hills, Hollywood, Sunny Vale Heights. However the kind of houses the youth got into debt for were all off a plan. You could choose between one of several different styles and they were all built as cheaply as possible. Your neighbor is right next to you. Profit maximization was the driving order of the day!
The real question was why were the banks allowed to make so many loans that would all roll over within the space of three years? A teenager can tell you this is going to cause a bubble but this is exactly what was intended. Get the people to pay for their own impoverishment and give their hard earned equity to the banks who made money out of nothing.
What did the Australian Government allow the banks to run wild like this? Will the bankers go to jail for the misery they cause? Hmmmm.... 🤔
What Happens When The Bubble POPs & What You Can Do To Protect Yourself!
OK so the bubble is coming in Australia. Do you have badly leveraged properties? If so there are things you can do now.
- Sell your property early before the bubble bursts and then buy it back afterwards if you wish.
- It is totally worth considering bankruptcy if you get pushed to the wall.
- Look into alternative means of accommodation like the blossoming tiny house movement. I have always wanted to live in one but I'm ok with just a hammock! 😉
The bubble is coming. Don't get caught falling for the bankers scams. Spread this information. The more people who know about this the more change we can demand before it's too late and the more people will be spared losing their hard earned equity!
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